Originally Posted by
downsizer
Option 2 would be my guess. Move all the people who stayed on old schemes to the new one.
At the end of the day it will be whatever is the cheapest.
at a time the Triple Lock for layabout pensioners is being exceeded and the magic money tree has been found, would be a brave government to enact this. I think they will have to bite the bullet as go with option 1 or 3 are the most likely options. Realistically, the government are going to add a few percentage points on the 2020 gilts issue to fund it.
Plus option 2 completely goes goes against every promise that the pension you earned on 75 is banked. Many will take HMG to court as this was what was agreed and planned upon. (Cue Lima Juliet for additional)....
The cynic in me alludes to what I’ve said before though....
